Tesla will become the world
German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc’s Gigafactory.
Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighbouring country next month to build its 34 gigawatt-hour battery factory, Frankfurt-based chief executive officer Holger Gritzka said in an interview. The former ThyssenKrupp AG manager has helped to assemble a consortium of 17 German companies and won government support for the project, which will break ground in the fourth quarter of 2019 and reach full capacity in 2028, he said.
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